#MetaplanetBTCPurchase Metaplanet, a Tokyo-based investment firm, has announced an additional purchase of 42.47 BTC, worth around $2.4 million, as part of its long-term Bitcoin strategy. This follows its initial acquisition of 117.7 BTC in June, bringing its total holdings to over 160 BTC.

The company views Bitcoin as a hedge against Japan’s economic challenges, including high debt and a weakening yen. By adopting a corporate treasury strategy similar to MicroStrategy, Metaplanet aims to capitalize on BTC’s growth potential.

The move has sparked investor interest, reinforcing Bitcoin’s appeal as a corporate reserve asset. #Crypto #Bitcoin #Investing